7,895 Shares in Upstart Holdings, Inc. (NASDAQ:UPST) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,895 shares of the company’s stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPST. Intech Investment Management LLC acquired a new position in shares of Upstart during the 3rd quarter valued at $939,000. Quadrature Capital Ltd acquired a new position in shares of Upstart during the third quarter valued at about $676,000. Union Bancaire Privee UBP SA bought a new position in shares of Upstart during the 4th quarter worth about $2,057,000. Two Sigma Advisers LP grew its stake in shares of Upstart by 689.5% in the 3rd quarter. Two Sigma Advisers LP now owns 589,000 shares of the company’s stock valued at $23,566,000 after buying an additional 514,400 shares during the period. Finally, Fred Alger Management LLC increased its position in Upstart by 153.2% in the 3rd quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company’s stock valued at $49,886,000 after buying an additional 754,416 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPST. Needham & Company LLC raised their price objective on Upstart from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Redburn Atlantic raised shares of Upstart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $95.00 in a research report on Tuesday, December 3rd. Morgan Stanley upgraded shares of Upstart from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $12.00 to $70.00 in a research note on Friday, February 14th. Piper Sandler reiterated an “overweight” rating and set a $105.00 price objective (up from $85.00) on shares of Upstart in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Upstart from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $57.00 to $79.00 in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.38.

Upstart Stock Down 0.3 %

Upstart stock opened at $55.00 on Wednesday. Upstart Holdings, Inc. has a 52 week low of $20.60 and a 52 week high of $96.43. The company’s 50 day moving average price is $64.01 and its two-hundred day moving average price is $60.17. The stock has a market cap of $5.15 billion, a P/E ratio of -37.67 and a beta of 2.25.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Upstart had a negative return on equity of 25.87% and a negative net margin of 20.20%. On average, equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Insider Buying and Selling

In other Upstart news, CEO Dave Girouard sold 41,667 shares of Upstart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $62.60, for a total value of $2,608,354.20. Following the sale, the chief executive officer now owns 57,138 shares of the company’s stock, valued at approximately $3,576,838.80. The trade was a 42.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sanjay Datta sold 16,070 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $79.02, for a total transaction of $1,269,851.40. Following the transaction, the chief financial officer now directly owns 295,537 shares of the company’s stock, valued at $23,353,333.74. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,062 shares of company stock valued at $5,247,182. 18.06% of the stock is owned by insiders.

Upstart Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.